This paper takes stock of the literature on unconventional monetary policies, from their
implementation to their effects on the economy. In particular, we discuss in detail the two …

This study examines whether banks' liability structure matters for their risk taking. Using a
three-period model, we argue that a high deposit ratio lowers banks' monitoring effort due to …

How do real interest rates affect financial fragility? We study this issue in a model where
bank borrowing is subject to rollover risk. A bank's optimal borrowing trades off the benefit …

Purpose─ This study aims to identify the role of the bank capital channel by investigating
how monetary policy affects bank lending through its influence on bank equity capital, in the …

We study the borrowing of a bank subject to rollover risk and derive implications for
monetary policy transmission and financial stability. The optimal borrowing balances the …

We study how the distribution of excess liquidity amongst banks alters the transmission of
policy rate hikes to bank interest rates. Using a difference-in-difference approach, we …

How much deposits and equity a bank has influences how a banks' lending responds to
monetary policy. While the responsiveness for the bank lending channel has been well …

This paper investigates the effects of monetary policy on the simultaneous adjustments in
asset portfolio risk and capital of banks amidst the uncertainty of the COVID‐19 pandemic …

This paper surveys the theoretical and empirical literature on interest rate risk in banking.
Theoretically, it considers the origins of interest rate risk and its allocation. Interest rate risk is …

How much deposits and equity a bank has influences how a banks' lending responds to
monetary policy. While the responsiveness for the bank lending channel has been well …